364-368 Onehunga Mall, Onehunga, Auckland City, Auckland

• Well leased commercial investment providing an attractive cashflow of $194,728pa + GST (net)

• Established anchor tenant has recently committed to further 10-year lease term

• Underpinned by 1,624sqm freehold land with development intensive zoning

• Strategic central position in Onehunga which has seen growth and transformation

Fully leased to two tenants on well-structured leases with built in rental growth. The anchor tenant is an early learning centre licenced for 75 children with two other centres in Auckland. They have been operating from the property for 10 years and recently exercised their next 10-year renewal, demonstrating their commitment to the property and its tactical location. They are complemented by a music studio, including children’s lessons, on the first floor.

This investment is supported by its high-profile, 1,624sqm freehold site with intensive zoning promoting future development and intensification. Onehunga has seen extensive growth as well as infrastructure betterment, set to continue with Auckland Council having identified Onehunga as a priority growth area.

This property combines cashflow from a proven long-term tenant, a large underlying landholding and a strategic central Onehunga position - call now.